RE: Whats not in the rns24 Mar 2025 11:33
So what are they actually saying and what's not in the RNS.
"As announced on 3 July 2024" so back on the 3rd July 2023 ECR were "pleased to announce the latest results for additional testing for the critical mineral Antimony (Sb) from diamond core previously drilled........ drilled during the 2021-2022 campaign"
So the best results were " 32% antimony grade over 0.3 metres" That is a fact, but what ECR fails to say in todays RNS is that 32% is 143.4 down, and there is no indication on the horizontal extent. So you'd have to dig 143 metres down to get it!!!
So they have put more rock chips in buckets and sent for testing.
ECR intends to launch a targeted drilling campaign at the Bailieston Project
So they had results from 2021-22, but they are scooping up buckets of rocks for testing and then they start drilling holes vertically.
So testing and retesting (again).
Still trying to keep people's interest by stating they are still have interest in tax losses, but again no progress and a caveat that this may not happen.
Blue Mountain Gold
The current focus includes mapping out the optimal trenching location using drones or ground-penetrating radar, (so more mapping out using radar or drones)
ensuring access to water via on-site creeks and implementing water recovery plans. (so sorting out the historical water problems, there may be water on site but is it in the right place and can it be reused through storing it long enough for the silt to drop out before reusing)
The current development proposal involves a larger wash plant being commissioned, either custom-built or purchased and modified for the Blue Mountain Gold Project, with suitable suppliers identified. "current development proposal " so the PLAN and that is all it is a PLAN
How long is a custom built large washer going to take to design, engineer, make, transport and set up? OR modifying one?
"A bulk testing campaign will aim to validate the Company's financial modelling before potentially moving to production." So more bulk testing planned, then results have to validate the financial model then potentially moving into production.
"At Lolworth, ECR has secured a drill rig, with drilling anticipated to commence towards the end of H1 2025" So more drilling and sample testing to take place.
NONE of what is in today's RNS needed to be issued today, it's simply in my opinion another talk the talk RNS in vain bit to stop ECR going in the 'lost interest category' Sorry to tell you Mike Whit.low, but you've lost the confidence of a lot of investors. A lot have cottoned on to the tweets and pointless RNSs. You keep diluting, you keep taking a larger and larger proportion on the shares. It's pretty clear to me, as I believe it is to others.